STR: U.S. hotel results for week ending 8 December
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 2-8 December 2018, according to data from STR.
In comparison with the week of 3-9 December 2017, the industry recorded the following:Occupancy: -0.8% to 60.4%
Average daily rate (ADR): +1.3% to US$126.45
Revenue per available room (RevPAR): +0.5% to US$76.38
Among the Top 25 Markets, San Diego, California, registered the largest jump in RevPAR (+33.6% to US$122.71), due primarily to the only double-digit increase in ADR (+23.7% to US$161.86). The market saw the second-largest rise in occupancy (+8.0% to 75.8%).
Boston, Massachusetts, experienced the largest increase in occupancy (+8.6% to 75.5%) and the only other double-digit increase in RevPAR (+15.1% to US$130.62).
Anaheim/Santa Ana, California, posted the second-highest lift in ADR (+8.1% to US$160.18).
Overall, 12 of the Top 25 Markets reported growth in RevPAR for the week.
Atlanta, Georgia, registered the steepest decline in RevPAR (-23.0% to US$72.49), due primarily to the only double-digit drop in ADR (-15.2% to US$107.42).
Houston, Texas, saw the largest decrease in occupancy (-13.4% to 63.6%), which resulted in the second-largest drop in RevPAR (-14.3% to US$69.34).
St. Louis, Missouri-Illinois, experienced the only other double-digit decline in occupancy (-10.5% to 53.0%) and the third-largest decrease in RevPAR (-11.5% to US$53.16).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.